Global Saffron Market 2017-2021

This market research study identifies Gohar saffron, Iran Saffron, Rowhani Saffron, and Saffron Business as the leading players in the global saffron market. A comprehensive analysis of this market is also presented by application (food and beverages, nutritional supplements and pharmaceuticals, cosmetics, and others), by product form (saffron thread, powdered saffron, and liquid saffron), and by geography (the Americas, APAC, and EMEA).

Overview of the global saffron market

The rising adoption of relatively low-cost means to maintain the health and minimize healthcare costs is propelling the demand for natural ingredient-based herbal supplements. Also, the rise in consumers? interest towards the consumption of natural products in many countries across the globe is further driving the sales volume of these herbal supplements. Research analysis on the global saffron market identifies that the growing demand for herbal supplements will be one of the major factors that will have a positive impact on the growth of the market. Also, herbal supplement manufacturers are motivated to use saffron in their products due to the presence of active ingredients such as vitamins, minerals, and antioxidants. This in turn, helps in the treatment of conditions such as asthma, cough, sleep problems, depression, and heartburn. Technavio's market research analysts predict that this market will grow at a CAGR of close to 6% by 2021.

EMEA is one of the major producers and consumers of saffron. The application of saffron is increasing in culinary, cosmetics, and dyeing purposes and countries such as Iran, Spain, and France are the key consumers of saffron in the region. It has been observed that the consumption of saffron as saffron seasoning, saffron strands, and saffron powder is increasing in the Middle Eastern cuisine sector. Furthermore, the rising awareness about the medicinal purposes of saffron threads will boost the sales of saffron in the region during the next four years.

Competitive landscape and key vendors

The saffron market is fragmented and characterized by the presence of many regional players. Many regional players in the saffron industry are experiencing a negative impact in terms of sales and publicity due to the rising availability of counterfeit saffron products. This is inducing the governments of major saffron producing countries to focus on countering the influx and sales of counterfeit saffron. Various prominent vendors are using their private online portals and major e-commerce portals to offer their products across different geographical locations.

Key vendors in this market are -

• Gohar saffron
• Iran Saffron
• Rowhani Saffron
• Saffron Business

Other prominent vendors in the market include Grandor, HEA, King Kesariya, Wani Fruit Enterprises, SAFRANTE GLOBAL, shahri saffron, Taj Agro Products, and Great American Spice Company.

Segmentation by application and analysis of the saffron market

• Food and beverages
• Nutritional supplements and pharmaceuticals
• Cosmetics

Many food establishments use saffron in their food and beverage products due to its rich flavor. Saffron is extensively added in desserts and other dishes of Asian and Middle Eastern origin. It is also used in cottage cheese-based desserts, chicken and meat, rice, and mayonnaise as a natural colorant. People in major saffron-producing countries including Iran, India, and Spain use saffron in milk, tea, and other beverages. This in turn, will drive the demand for saffron in the food and beverage segment during the projected period.

Segmentation by product form and analysis of the saffron market

• Saffron thread
• Powdered saffron
• Liquid saffron

The sales of saffron threads is high in both food as well as non-food applications. The rising therapeutic benefits of saffron threads will boost its applications in the healthcare sector in the forthcoming years. For instance, they are also used in the preparation of herbal medicines to treat minor health conditions such as common cold, cough, and others. This in turn, will encourage pharmaceutical players to add saffron threads and saffron extract to prepare nutritional supplements.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global saffron market?
• What are the key market trends impacting the growth of the global saffron market?
• What are the challenges to market growth?
• Who are the key vendors in the global saffron market?
• What are the market opportunities and threats faced by the vendors in the global saffron market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global saffron market?

Technavio also offers customization on reports based on specific client requirement.

Our market research reports for the food and beverage industry follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions like food. This upcoming industry research report on the global saffron market offers insights into the major trends and evolving drivers inducing the growth of the food industry.

Our market research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep pace with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various food products and services and offers an all-inclusive picture of the global saffron market for the estimated period of 2017-2021.

As per our market research experts, the increasing health and therapeutic benefits associated with saffron and product line extension with saffron in food and beverage sector may influence the demand for saffron in the coming years. This upcoming market research report on the global saffron market also covers vendors like Rowhani Saffron Co., Iran Saffron Company, Saffron Business Co., Gohar Saffron, Esfahan Pishro, Mehr Azin Bonab, Gohar Nab Sara, Great American Spice, and HEA & Co Spanish. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global saffron market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report for global saffron market also categorizes the key drivers, major trends, as well as the constraints that the food sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the upcoming events within the food and beverages industry. Technavio also provides insights into the sectors such as food service and non-alcoholic.

Our market research methodology for the saffron market

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